Amazon-Backed Acko Raises Fresh $65 Mn In Series C From Binny Bansal, RPS Ventures, Others
Mumbai-based online-only insurance startup Acko has raised $65 Mn in Series C funding from a bunch of existing as well as new investors.
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Hotstar Raises $153 Mn To Up Its Game For The Indian OTT Market
Star India and Star US Holdings have infused $153 Mn into their wholly owned Nova Digital media which operates Hotstar.
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Editor’s Weekly Pick
Gig economy has truly taken off – not only in the west, but across the world. Here is an eclectic mix of businesses that one can start relatively easily, as identified by Entrepreneur magazine. Read More
–Abhishek
Market Pulse
- Mukesh Ambani-led Reliance group was reportedly in talks to acquire O2O fashion ecommerce platform, Fynd.
- Hospitality unicorn OYO announced a commitment of INR 1,400 Cr ($200 Mn) for its India and South Asia business in order to double down on its expansion plans, and improve its back-end technology.
- Japanese conglomerate SoftBank will launch a new global fund, SoftBank Acceleration Fund, worth $500 Mn next month.
- A group of 35 entrepreneurs hailing from a diverse range of industries that include financial services, fast-moving consumer goods (FMCG), apparels, travel, furnishing and more have come together to launch an early stage startup accelerator — Risers.
- Google India announced the shortlisted startups that will be part of its second batch part of the Launchpad Accelerator program for India.
- TiE Hyderabad announced the start of a 3rd edition of its TiE Grad Business Idea Tournament for College Grad which aims to bring more cities and grad schools into the startup ecosystem.
- India Accelerator has selected nine startups from the domains of security, marketing, media and entertainment, travel, hyper-local, B2B travel and Agritech for its spring 2019 cohort.